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The Charles Schwab Corporation (SCHW) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $59.68, marking a -1.36% move from the previous day. This move lagged the S&P 500's daily loss of 0.42%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq lost 0.08%.
Prior to today's trading, shares of the company had lost 8.29% over the past month. This has lagged the Finance sector's loss of 0.81% and the S&P 500's gain of 1.02% in that time.
Investors will be hoping for strength from The Charles Schwab Corporation as it approaches its next earnings release. The company is expected to report EPS of $0.77, down 30% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.73 billion, down 14.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.27 per share and revenue of $19.43 billion. These totals would mark changes of -16.15% and -6.43%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. The Charles Schwab Corporation currently has a Zacks Rank of #3 (Hold).
Digging into valuation, The Charles Schwab Corporation currently has a Forward P/E ratio of 18.51. Its industry sports an average Forward P/E of 16.58, so we one might conclude that The Charles Schwab Corporation is trading at a premium comparatively.
It is also worth noting that SCHW currently has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.27 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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The Charles Schwab Corporation (SCHW) Dips More Than Broader Markets: What You Should Know
In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $59.68, marking a -1.36% move from the previous day. This move lagged the S&P 500's daily loss of 0.42%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq lost 0.08%.
Prior to today's trading, shares of the company had lost 8.29% over the past month. This has lagged the Finance sector's loss of 0.81% and the S&P 500's gain of 1.02% in that time.
Investors will be hoping for strength from The Charles Schwab Corporation as it approaches its next earnings release. The company is expected to report EPS of $0.77, down 30% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.73 billion, down 14.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.27 per share and revenue of $19.43 billion. These totals would mark changes of -16.15% and -6.43%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. The Charles Schwab Corporation currently has a Zacks Rank of #3 (Hold).
Digging into valuation, The Charles Schwab Corporation currently has a Forward P/E ratio of 18.51. Its industry sports an average Forward P/E of 16.58, so we one might conclude that The Charles Schwab Corporation is trading at a premium comparatively.
It is also worth noting that SCHW currently has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.27 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.